Latest News- E-Bike Market: SLA batteries is expected to lead the Battery Type segment during 2025-2029

The E-Bike Market is being driven by Increasing sustainability and environmental concerns

The E-Bike Market is expected to grow at a CAGR of 10.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 28304.5 million. The integration of connectivity in e-bikes has significantly transformed the bike-sharing industry, making it a key component of urban mobility solutions. Connected e-bikes enable real-time tracking and management through E-Bike-sharing companies and users. This innovation enhances the bike-sharing business model, allowing for seamless booking, payment, and tracking via smartphone applications. The advent of ride-sharing, ride-hailing, and vehicle rental services has fueled the adoption of connected e-bikes, positioning them as an essential element of Mobility-as-a-Service (MaaS) offerings. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Battery Type
  • SLA batteries
  • Li-ion batteries
• Propulsion
  • Pedal assist
  • Throttle assist
• Drive
  • Belt drive
  • Chain drive
• End Use
  • Personal
  • Commercial
• Speed
  • Up to 25 km/h
  • 25-45 km/h
• Geography
  • APAC
    • China
    • India
    • Japan
  • Europe
    • Germany
  • North America
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing sustainability and environmental concerns
• Declining cost of Li-ion batteries
• Presence of government initiatives and availability of subsidies

However, the market also witnesses some limitations, which are as follows:

• Product recalls due to possible failures of e-bikes
• Lack of adequate infrastructure for e-bikes
• Need for mandatory registration of e-bikes

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Market Scope in E-Bike Market Research Report

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Research Analysis Overview

The electric bike market encompasses various aspects, including maintenance tips, renowned brands, rental options, sustainable urban transportation, speed capabilities, customer reviews, safety measures, legal regulations, range capabilities, innovative technologies, insurance options, and diverse designs. E-bikes cater to various needs such as commuting, quiet riding experience, off-road adventures, family use, and touring, offering a wide range of accessories and performance enhancements.

Market Research Overview

The micro-mobility segment within the leisure products market, specifically the E-Bike industry, is experiencing significant growth. This trend is driven by various factors, including increasing investment in connectivity and technology, the rise of bicycle-to-vehicle integration, and the growing popularity of pedal assist and mid-drive motor systems. These advancements cater to the evolving needs of urban commuters seeking efficient, eco-friendly, and cost-effective alternatives to public transportation. As a result, the global E-Bike market is poised for substantial expansion within the broader household durables sector, as calculated by Technavio, which encompasses manufacturers of consumer electronics, home appliances, and leisure products. This expansion is further fueled by the increasing trend of health and fitness, with growing memberships in fitness clubs encouraging a more active lifestyle.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/